SQI Diagnostics Inc V.SQD.H

Seller

[Vista5]

Obviously a seller has shown up---why sell now?  Please help me understand that...The company is in the best financial place it HAS EVER BEEN, the company is on the verge of filing for EUA status on a breakthrough diagnostic test, and has a new management team leding the charge.  Did the seller just wake from a coma and said lets sell without doing any DD.  I am baffled!!!  Someone please explain.

[ResearchGuy]

Would this share price drop have anything to do with the exercise of the warrants and raising the $19 million plus?

[politicat]

insiders are selling up to $ 15M in stock to fund conversion of their warrants to newly issued shares.  So there is selling pressure on stock price.  This was announced Feb 10th.  Stock price started decline just before then.  add to this the poor market and u have a drop. It may hit 30 ....?  Insider share sale ends Mar 11th so i more week from here.   Seems

[mercedesman]

Plausible. i always thought the plan was to place the newly created shares (from warrant exercising) in the hands of some new large players (likely  some deep pocketed individuals or institiutions, south of the border). As always, buyers want the lowest price possible.  Sellers want the highest price possible. Greed is a wonderful thing (I think Gordon G. said that) We need to get

[politicat]

this is an unusual company in that 3 or 4 ( high quality ) individuals have had an outsized stake for a public company.  I feel like i have backdoor stake in a private company. Today at noon -- 87,000 shares traded.   Shares could really pop with any good FDA news.  just have to expect a choppy next 5 trading days.  At 30 i buy more.  If not i have enough..

[Tapps21]

Has anyone read the newest declaration from the company released this morning? Did I read it right and article 6 on the first page states they may vote for a reverse split in the near future?

[Scrivs187]

voted on in the meeting...5:1 or 10:1 if they decide to do so. 

[Vista5]

Seems insiders have only sold a few hundred thousnad shares thus far.  I do not believe that they are selling at these levels.  They also are placing there shares with institutions not hitting the market.  I am sure there are warrant holders that are sellingshares to raise funds to exercise.  But I agree once this is over the shares will rip back to new highs.